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City of Elk River
<br />Equipment Replacement Fund
<br />2018 2019 2020 2021 2022 2023
<br />Estimate Estimate Estimate Estimate Estimate Estimate
<br />Cash Balance - Beginning $1,100,896 $515,715 $368,215 $308,915 $533,315 $702,215
<br />Revenues:
<br /> Revenues from charges 310,000 332,000 355,600 380,800 407,800 436,300
<br /> Local Government Aid 324,688 329,000 330,000 330,000 330,000 330,000
<br /> PILOT - ERMU 10,000 20,000 20,000 20,000 20,000 20,000
<br /> Loan/Equip. Certificates - - - 600,000 - -
<br /> Interest earnings 10,000 10,500 7,500 6,000 10,500 14,000
<br /> Transfer - Stormwater (sweeper)20,000 - - - - -
<br /> Other revenues (sale of assets/misc)74,026 40,000 40,000 75,000 40,000 40,000
<br /> Total Revenues 748,714 731,500 753,100 1,411,800 808,300 840,300
<br />Expenditures:
<br /> Capital Outlay - Equipment 1,108,136 879,000 812,400 1,187,400 503,400 829,700
<br /> Capital Outlay - Equip yet to purchase 225,759 - - - - -
<br /> Loan Repayment (5 yrs)- - - - 136,000 136,000
<br /> Total Expenditures 1,333,895 879,000 812,400 1,187,400 639,400 965,700
<br />Revenues over/(under) Expenditures (585,181) (147,500) (59,300) 224,400 168,900 (125,400)
<br />Cash Balance - Ending $515,715 $368,215 $308,915 $533,315 $702,215 $576,815
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